Finder.com.au
Home Loan Comparison and Mortgage Service
Home Loan Negotiation Enquiry Form
Home Loans > Mortgage Broker > South Australia > Far North Mortgage Brokers –…
Compare

Far North Mortgage Brokers – South Australia

Posted September 7th, 2010 and last modified December 9th, 2010

The Far North Region of South Australia is the area of land north of Port Augusta and Ceduna. It is mostly arid desert country but there some unique opportunities still available to be developed there for the astute entrepreneur. This can be said because of the amount of traffic travelling north to Alice Springs and Darwin from the southern states of Victoria, New South Wales, Tasmania and indeed South Australia itself. Many Western Australian travellers also travel the Stuart Highway from either direction as they complete the ‘loop’ to and from Perth via Darwin and Broome.

The region has scattered tourist attractions and basic facilities at the present time but the routes that will one day rise in interest would have to include the Birdsville Track through to Queensland, the Oodnadatta Track from the Flinders Ranges through to Woomera and of course the earthy site of the Mad Max movies, the underground opal town of Coober Pedy.

Featured Far North Mortgage Brokers

Coober Pedy has a population of about 3,500 which includes people from 45 different nationalities. Coober Pedy which is situated 850 kilometres north of Adelaide and 650 kilometres south of Alice Springs, is recognised as being the largest producer of opal in the world, having an estimated 70 percent of the world’s total opal production. The Coober Pedy Precious Stone Field where the gemstone is mined covers an area of 4,954 square kilometres and it has been estimated that only 10 percent of this field has been worked.

If you consider you have retained some of your grandparents pioneering spirit the Far North of South Australia may be just the place where you can still make your mark. It won’t be easy as the summers can be very hot but the rewards could be there for the people who stick it out and possess that rare drive to break new ground.

If you decide to take the plunge and perhaps invest in a tourism venture in Coober Pedy for instance, you will need experienced mortgage brokers to get you on your way. It would be easier for mortgage brokers to convince a lender of your endeavour being successful if they were to advance you an investment loan, than it would be if you attempted to do it yourself. Mortgage brokers would closely go over your plan and sort out any weaknesses before submitting it to a lender for approval. They know from experience what each lender on their panel require as regard security, as well as what would be required to be submitted in an acceptable business plan.

The following list points out the advantages you would gain by approaching mortgage brokers for such an investment loan rather than go to a bank :

  1. Mortgage brokers specialize in investment loans and mortgages and earn their living from commissions paid by lenders for finding them quality business, therefore the application they submit needs to be successful in order for them to get paid.
  2. Mortgage brokers have an extensive panel of lenders who include bank and non-bank financiers, this widens your chances of them finding a lender with a mortgage suitable for what you are planning.
  3. They will work one-on-one with you, evaluate your proposition and find a lender that best suits your particular circumstances. Your broker will then submit your application to one or more of their accredited lenders on your behalf and when your proposition has been accepted they will work hand in glove with the lender, as your advocate, until the whole process is completed.
  4. Mortgage brokers will facilitate the work involved in finding a suitable lender because of their intimate knowledge of the mortgage industry. They understand what all the various lenders on their panel require and will only submit your specific application to the lender who will be most likely to take it up.
  5. Banks on the other hand only have their own product to offer and their stringent lending requirements may not be as welcoming as that of a non-bank lender who may be willing to share more of the risk involved in certain mortgage applications.
  6. Banks are often limited to certain property investment and home loan products, guiding principles and criteria that they must follow. This often limits the loan options they have available.

Bank loan officers are paid by their employer, the bank whom they represent, not you the borrower. They will still get paid whether your loan application get approved or not. Mortgage brokers are paid commissions, only on having your loan application successfully approved. If it is not approved they lose out on being rewarded for all the work they have put in. It is therefore in their interest to choose carefully and make sure that your application has every chance of being successful.

If you are ready to embark on your property investment or home loan venture no matter where it is located, you should seek out the services of a mortgage broker. Mortgage brokers can help you in locating the loan with the lowest interest rate and less fees and penalties. They will find you the right mortgage that fits into your plans for the future, an important step to take in your attempt to improve your financial wellbeing.


Related posts:

  1. North and North East Suburbs Mortgage Brokers – South Australia
  2. Mid North Mortgage Brokers – South Australia
  3. North Shore – Upper Mortgage Brokers – New South Wales
  4. South East Mortgage Brokers – South Australia
  5. Mount Isa and North West Mortgage Brokers – Queensland
  6. Barossa Valley Mortgage Brokers – South Australia
  7. Far South Coast Mortgage Brokers – New South Wales
  8. First Home Buyers Grant South Australia
  9. Clare Valley Mortgage Brokers – South Australia
  10. Mid North Coast Mortgage Brokers – New South Wales

Comments are closed.

Top Home Loans

Home Loan Details Interest Rate (p.a.) Comp Rate^ (p.a.) App Fee / Ongoing Fee Max LVR Min & Max Borrowing
Loans.com.au - Dream Catcher​
Loans.com.au - Dream Catcher​ 		A home loan offer with a $0 application fee and one of the lowest available home loan interest rates.5.85%6.21%$0 / $37580%$50,000 / $750,000 Enquire
Enquire
Bankwest Online Home Loan
Bankwest Online Home Loan		A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. 5.97%5.97%$0 / $080%$100,000 / $1,000,000 Enquire
Enquire
Illawarra Home Loans Bank Beater Home Loan
Illawarra Home Loans Bank Beater Home Loan		A low variable rate, beaten down even further by 0.05% p.a. after 5 years. 6.07%6.35%$0 / $34590%$250,000 / $1,000,000 Enquire
Enquire
State Custodians Mortgage Company Standard Variable Offset Loan
State Custodians Mortgage Company Standard Variable Offset Loan		Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. 6.02%6.23%$0 / $34595%$150,000 / $1,000,000 Enquire
Enquire

Comparison of Best Home Loans

Other Providers Other, Tips and Guides About Home Loan Finder

Home Loan Finder provides a comparison service on home loans in Australia. Home loan Finder works with partners who provide mortgages Australia-wide including every capital city: Sydney, Melbourne, Adelaide, Brisbane, Darwin, Perth, Hobart and Canberra.

Images of Home Loans are copyright by their respective owners © All other content copyright ABN: 18 118 785 121. ACL: 385509.